Local News

Abu Dhabi / WAM As part of its policy recognizing research and innovation excellence, the Abu Dhabi Securities Exchange (ADX), honoured its distinguished employees for the year 2016 as part of the Annual Teslam Excellence Awards. “Honoring distinguished employees is part of a comprehensive system of achievement and innovation adopted by ADX to enhance productivity in a sustainable environment”, Rashed ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) continued to deliver an outstanding performance in 2016. Furthermore, the Fund managed 17 development projects valued at AED5.6 billion across seven beneficiary countries, dispensed AED3.9 billion in concessionary loans to support four projects and AED1.7 billion in government grants to finance 13 projects. Headlining a press conference at the ...

ABU DHABI / Emirates Business The Urban Planning Council (UPC) launched six major e-Services, as part of its e-Services Transformation Project, with a fresh new website. In accordance with the Abu Dhabi Plan, the UPC has enhanced Government processes and customer user-experience at the click of a button, which is aligned with the Digital Transformation Agenda in Abu Dhabi. The ...

Abu Dhabi / Emirates Business The Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Wednesday the opening of a new sales center at Saadiyat Lagoons district, located at the site of the budding community. The sales center’s convenient location next to New York University Abu Dhabi offers visitors ...

ABU DHABI / WAM Insurance companies listed on ADX and DFM held decent profits of AED445 million for the Q1 2017, an increase of 44.5 percent over the same period last year. The profits are an all-time-high for several years, reflecting the considerable growth recorded since the beginning of the year, according to a survey conducted by Emirates News Agency ...

Dubai / WAM Dubai Internet City (DIC) affirmed its role as enabling platform for entrepreneurs and small and medium-sized enterprises (SMEs) at the 20th edition of TECOM SME Builder. The event, organised by the information technology park, brought together over 100 professionals who discussed the secrets of successful entrepreneurship with a focus on how best to harness business opportunities. Ammar ...

ABU DHABI / WAM The mood of affluent investors in the UAE market has improved as compared to the last year, according to the First Abu Dhabi Bank’s index measuring impression of wealth holders. The index rose by 1.87 percent to 1038.28 points from 1019.13 points in April 2016, reflecting the positive mood prevailing toward country’s business environment. The index ...

Baku / WAM The UAE and Azerbaijan have confirmed the strength of their bilateral relations and stressed the importance of promoting co-operation in all economic, tourism, agricultural, health and transportation fields, as well as investments, petrochemical industries and financial and banking services. This was stated in a joint statement issued by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council of Abu Dhabi, issued a resolution reshuffling the Emirates Foundation Board, with HH Sheikh Abdullah bin Zayed Al Nahyan as Chairman. The resolution names HH Sheikh Dhyiab bin Mohamed ...

Abu Dhabi / WAM As part of its endeavours to enhance economic communications with economic development partners, Abu Dhabi Department of Economic Development (ADDED) on Tuesday organised the “Economic Development Partners – Abu Dhabi Plan” Forum with more than participating 40 local and federal government entities. The forum is aimed to facilitate the implementation of projects and initiatives under the ...